Apropos of nothing much, we are 6 out of 9 on my immediate team. 2 of the non-charterholders are what we call adults in the industry. (grey- haired with real experience) Yeah I know about the noun thing. Nobody really pays attention to that, do they 
almost everyone in my company holds CFA charter if not enrolled; from analyst to partners… nearly a mandatory now that most SIP&P states they want people with CFA charters to monitor their pension funds. I work for a consulting firm
So how many people is that? Sounds like you work at the CFA factory. SIP&P = Statement of Investment Policies and Procedures? Whose policies? Yours or your client mandates?
Muddahudda Wrote: ------------------------------------------------------- > So how many people is that? Sounds like you work > at the CFA factory. > > SIP&P = Statement of Investment Policies and > Procedures? Whose policies? Yours or your client > mandates? roughly about 50 people. everyone on the DB side has their FSA or CFA, almost mandatory, and lots of FSA, CFA combined. on the DC side, less CFAs but still almost 8/10 i think… yes client SIP&P, almost 80% uses the CFA terminology in their SIP&P with performance measures and they use of a consultant with a charter. the caveat is…we also help their develop their SIP&P, so we dont mind incorporating that for them as well
whystudy Wrote: > roughly about 50 people. everyone on the DB side > has their FSA or CFA, almost mandatory, and lots > of FSA, CFA combined. > on the DC side, less CFAs but still almost 8/10 i > think… > > yes client SIP&P, almost 80% uses the CFA > terminology in their SIP&P with performance > measures and they use of a consultant with a > charter. > the caveat is…we also help their develop their > SIP&P, so we dont mind incorporating that for them > as well FSA?? What is that? I couldnt see anything on google. I’m guessing you mean actuaries or something. You don’t mean the Financial Services Authority in the UK do you? If so that doesn’t make much sense to me. If you mean the regulatory part in order to be FSA qualified, that means very little (I passed it when I did the IMC, that’s no big deal). I mean people with CFA after their name When you say 80% use CFA terminology, do they specifically require a CFA charterholder? That is a very different thing to using GIPS.
Whats an FSA dude?
Very few in our office, though all over the world there are some others within the bank, obviously. But we’re doing investment banking advisory, not investment management.
scandoworker Wrote: ------------------------------------------------------- > Whats an FSA dude? FSA is the designation for the Society of Acturaries FSA or ASA
FSA = Fellow in the Society of Actuaries
My Boss is a Charter holder and I’m not quite there yet . whystudy Wrote: ------------------------------------------------------- > almost everyone in my company holds CFA charter if > not enrolled; from analyst to partners… > > nearly a mandatory now that most SIP&P states they > want people with CFA charters to monitor their > pension funds. I work for a consulting firm Whystudy : Do consulting firms look @ DB experience as a postive when making hiring decisions ? Consulting is something I might want to get into later on and I was just wondering if they have a preference for people with DB / DC expereience . I currently work for a small DB ( about 1 billion CAD ) .
whystudy Wrote: ------------------------------------------------------- > scandoworker Wrote: > -------------------------------------------------- > ----- > > Whats an FSA dude? > > > FSA is the designation for the Society of > Acturaries > FSA or ASA Ah, ok. Yes those guys are very bright. I once met an English guy, who had a PHD in physics from Oxbridge and he was doing the actuarial exams… in German. Way too clever.
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Rudeboi Wrote: ------------------------------------------------------- > My Boss is a Charter holder and I’m not quite > there yet . > > > whystudy Wrote: > -------------------------------------------------- > ----- > > almost everyone in my company holds CFA charter > if > > not enrolled; from analyst to partners… > > > > nearly a mandatory now that most SIP&P states > they > > want people with CFA charters to monitor their > > pension funds. I work for a consulting firm > > Whystudy : Do consulting firms look @ DB > experience as a postive when making hiring > decisions ? Consulting is something I might want > to get into later on and I was just wondering if > they have a preference for people with DB / DC > expereience . I currently work for a small DB ( > about 1 billion CAD ) . Well, you can specalize in either DC or DB consulting. But let me tell you, DC consulting is not interesitng, it’s mostly simple analysis and more legislative work than anything. DB is where the interest are, actual asset allocation using monte carlo, liability benchmarking, selecting alternative managers, looking into using portable alpha and currency overlay etc. you won’t even touch those things with DC and there’s no need. however, majority of the people who are in DB consulting have their FSA and CFA combined. it’s hard to get a good grasp of pension DB without an FSA, thus having that said, most of my boses on the DB side are from an actruary backgroud.
Rudeboi, for the DB world I notice that consultants are usually breeded internally or have prior work experience in corporate Treasury, relationship management, and very few came from portfolio management roles at buy-side shops. DC consultants usually are breed internally and is much smaller then the DB world. Whystudy, were there any layoffs at your firm? I heard Cambridge Associates laid some people off. I’m just wondering about the current health of the industry.
What about things like Manager search/due diligence …You don’t need to be an actuary for that and a lot of DB firms small and large hire consultants to conduct manager searches and address various other things like compliance , risk etc .
all of the PMs and client facing marketing professionals have it
Rudeboi Wrote: ------------------------------------------------------- > What about things like Manager search/due > diligence …You don’t need to be an actuary for > that and a lot of DB firms small and large hire > consultants to conduct manager searches and > address various other things like compliance , > risk etc . You are correct. At my firm there is a dedicated staff whose sole responsability is reviewing managers. The senior people in the team are mostly CFAs and usually come other consulting firms or are former consultants. The junior people are all internal. It’s a 9-5 job, light-medium travel depending on client requests, lots of lunch/dinner meetings, pay aint that great, limited exit opps, but you do get to meet a ton of people trying to pitch you their products
Absolutely 0 at my work
TheAliMan Wrote: ------------------------------------------------------- > Absolutely 0 at my work which firm do you work at ?.. BK or MCD?